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Singapore Private Property prices still up or down? Part III

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4th Gear
2 hours ago, Arcachon said:

Will you buy knowing the CMs are distorting the market or will you wait when the CMs are removed and the market return to normal.

The Half-empty will see the distortion as bad.

The Half Full will see an opportunity.

Back to Basic, simple mind thinking. Can buy don't buy wait for what?

 

CMs created a good buffer for the current crisis. Without them and govt's loan measures, property would been collapsed like previous crisis.

Whether it is a good time to buy, it depends on one's risk appetite. 🙂

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1st Gear
3 hours ago, Rskc said:

CMs created a good buffer for the current crisis. Without them and govt's loan measures, property would been collapsed like previous crisis.

Whether it is a good time to buy, it depends on one's risk appetite. 🙂

Agree, which is riskier, during property Boom time or during the crisis. 

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1st Gear
5 hours ago, Rskc said:

CMs created a good buffer for the current crisis. Without them and govt's loan measures, property would been collapsed like previous crisis.

Whether it is a good time to buy, it depends on one's risk appetite. 🙂

Agree, which is riskier, during property Boom time or during the crisis. 

 

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5th Gear
13 hours ago, kobayashiGT said:

One earns rental, one earn dividends.

Give me I take dividends, free myself from all the legwork and concnetrate on earning my next $300k.

The only way to make serious money from property now is to buy new launch and flip or be the property agent. 

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1st Gear
3 hours ago, awhtc said:

The only way to make serious money from property now is to buy new launch and flip or be the property agent. 

Big Mistake.

 

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3rd Gear
3 hours ago, awhtc said:

The only way to make serious money from property now is to buy new launch and flip or be the property agent. 

https://www.edgeprop.sg/property-news/buying-new-condo-units-isnt-profit-guarantee

I dragged my parents down to Highpark during launch and persuaded them to get a unit at $8xxpsf. My heart sank a little when next door Parc Botannia was launched at $11xxpsf.

 

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Twincharged (edited)
5 hours ago, Arcachon said:

Agree, which is riskier, during property Boom time or during the crisis. 

 

There are some truths in this as well. 

With the equity loan funds and personal savings, I switched some stocks held and bought some more, doubling the value of my cash holdings today.

But still not enough to qualify to buy one more property, unless cheap industrial / commercial for now...

Some people will wait for 2021 (both housing and equity). Then they will wait for 2022...

The weirdest truth is, it will never make full sense at the point that you buy. It didn't make sense in 2006 when I bought my first, 2012 when I bought my second, and 2015 when I got the third. For each property, it only STARTS to make sense minimum 3-5 years later. By the way, all three are bought as new property (firsthand). 

Edited by Showster
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Turbocharged
53 minutes ago, Kaka23 said:

https://www.edgeprop.sg/property-news/buying-new-condo-units-isnt-profit-guarantee

I dragged my parents down to Highpark during launch and persuaded them to get a unit at $8xxpsf. My heart sank a little when next door Parc Botannia was launched at $11xxpsf.

 

The only time I drag my parents to is to wet market. 🤣

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Supercharged
1 hour ago, Kaka23 said:

https://www.edgeprop.sg/property-news/buying-new-condo-units-isnt-profit-guarantee

I dragged my parents down to Highpark during launch and persuaded them to get a unit at $8xxpsf. My heart sank a little when next door Parc Botannia was launched at $11xxpsf.

 

High Park is one of the top earning projects. It was launched when everyone fear buying and when everyone was expecting pricing to drop further. 

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4th Gear
2 hours ago, Showster said:

There are some truths in this as well. 

With the equity loan funds and personal savings, I switched some stocks held and bought some more, doubling the value of my cash holdings today.

But still not enough to qualify to buy one more property, unless cheap industrial / commercial for now...

Some people will wait for 2021 (both housing and equity). Then they will wait for 2022...

The weirdest truth is, it will never make full sense at the point that you buy. It didn't make sense in 2006 when I bought my first, 2012 when I bought my second, and 2015 when I got the third. For each property, it only STARTS to make sense minimum 3-5 years later. By the way, all three are bought as new property (firsthand). 

Wow, you seemed like talking abt me. Hahaha.👍I belonged to the "wait" group previously. Then when I decided to start buying, no matter it is my hdb or condo, they never make sense at point of purchase. I was in fact laughed at. 🤣🤣

I may sound like pro property (long horizon) but I am also very pro dividend stocks. 😉

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6th Gear
23 minutes ago, Rskc said:

Wow, you seemed like talking abt me. Hahaha.👍I belonged to the "wait" group previously. Then when I decided to start buying, no matter it is my hdb or condo, they never make sense at point of purchase. I was in fact laughed at. 🤣🤣

I may sound like pro property (long horizon) but I am also very pro dividend stocks. 😉

Not referring to you but many would use 'but' and 'or' when referring to both property and stocks.. personally I think the two asset classes are not mutually exclusive as diversifying is key.

Sure, if one has to pay 12% absd, property doesn't make sense as an investment I feel as upside wouldn't be worth it. I would go for reits instead then.

The million dollar question is, if you have one transferred to a wife's name, would it be beneficial to get another then? I would personally go for it then as the long term horizon is still positive with undervalued properties here. Interest rates also remain attractive. There's nothing stopping one from getting stocks for a good balance of their own portfolio.

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1st Gear (edited)

 

#Dailyupdate #MAS #TDSR #Deferloan #Convid2020 #Teo888

1. 31 March 2020
MAS and Financial Industry to Support Individuals and SMEs Affected by the COVID-19 Pandemic
https://www.mas.gov.sg/news/media-releases/2020/mas-and-financial-industry-to-support-individuals-and-smes-affected-by-the-covid-19-pandemic

2. 07 April 2020
MAS Clarifies Loan-to-Value and Total Debt Servicing Ratio Rules for Residential Mortgages and Mortgage Equity Withdrawal Loans
https://www.mas.gov.sg/news/media-releases/2020/mas-clarifies-ltvand-tdsr-rules-for-residential-mortgages-and-mortgage-equity-withdrawal-loans

3. 30 April 2020
MAS and Financial Industry Provide Additional Support for Individuals
https://www.mas.gov.sg/news/media-releases/2020/mas-and-financial-industry-provide-additional-support-for-individuals

4. 16 July 2020
MAS, banks to study how best to wean companies and individuals off Covid-19 relief measures: Ravi Menon
https://www.straitstimes.com/business/economy/mas-banks-to-study-how-best-to-wean-companies-and-individuals-off-covid-19-relief?utm_source=STSmartphone&utm_medium=share&utm_term=2020-07-16+19%3A50%3A14&fbclid=IwAR0Ck73gm8g7sQVSRWSWXSscc3sTUM21aI22FyJL3Bo1mfCfTg_eQMScaWQ

He noted that banks have deferred payments on principal or interest or both on about 34,000 mortgage loans until Dec 31.

5. WED, JUL 29, 2020 - 5:50 AM

Close to 10% of Singapore mortgages, or over S$15b, under debt moratorium

https://www.businesstimes.com.sg/government-economy/close-to-10-of-singapore-mortgages-or-over-s15b-under-debt-moratorium

6. Published Date: 29 July 2020

MAS Calls on Local Banks to Moderate FY2020 Dividends

2   While the Local Banks’ capital positions are strong, the dividend restrictions are a pre-emptive measure to bolster their resilience and capacity to support lending to businesses and individuals through an uncertain period ahead for our economy.  Earlier, in April 2020, MAS had encouraged banks in Singapore to ensure that sustained lending took priority over discretionary distributions [2] .

https://www.mas.gov.sg/news/media-releases/2020/mas-calls-on-local-banks-to-moderate-fy2020-dividends

7. 01 Oct 2020 -  Between April and August, about 2,500 households took up financial assistance offered by HDB, such as deferring their loan installments or reducing the amount they have to pay in each installment, said Mr. Lee.
https://www.channelnewsasia.com/news/singapore/desmond-lee-hdb-extend-suspension-late-payment-charges-mortgage-13167930#:~:text=From Monday%2C households on HDB,currently capped at 25 years.7.

8. 05 October 2020

MAS and Financial Industry Extend Support for Individuals and SMEs who Need More Time to Resume Loan Repayments
https://www.mas.gov.sg/news/media-releases/2020/mas-and-financial-industry-extend-support-for-individuals-and-smes

Edited by Arcachon

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1st Gear

Better to go for a software upgrade if you are still in the old version.

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Supersonic

People who blindly buy when it didnt make sense are stupid and pure lucky if they dont get into trouble. we have seen and known many of such people, relatives, friends. But one day their luck will run out.

I bought 4 properties in the last 20yrs and everytime, i was very clear why it made sense.  I was just as clear why it made sense when i sold them too.    And everything turned out pretty much as planned and precisely executed.

When the Govt came in with the CMs, i increased my stake in financial investments and reaped the rewards as well.

money is never ending to make.  Its what you do to make it and how that translates to a good night’s sleep.

i know what i need to do for my good night’s sleep and i wont exchange it for other things.  

How about you? 

😄😎

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